I'm having a hard time getting excited over this "special mtg. rate"

[napi21]

BS that the media is accusing Johnston, Conrad & now Dodd of getting. I KNOW that people with a lot of money always get the most favorable rates on ANY LOANS! That is the cae, even in the corporate world! I don't see it as anything other than "It's always easier to get money when you DON'T need it!" The MEDIA is trying to make a big deal out of this, and I really don't think it is!

[Warpy]

1. I agree, it's a tempest in a teapot

trying to prove that Democrats are just as corrupt as the GOP.

It's really another class issue, as you pointed out. The lower the perceived risk to the financial institution, the lower the interest rate. It's why being a day late on the light bill will raise the credit card interest rate past usury for me and thee, while multimillionaires can sneer at the bills for six months at a time with nary a whimper from creditors.

It's high time we pointed this out as just more hypocrisy from the party of the gilded class.

[ananda]

2. So.. none of the Reeps got ..

.. special perks or bribes?

Give me a big fukkin break!

[napi21]

4. There's a BIG difference between getting a favorable rate loan

on your house, and taking a bribe or kickback! In Dodd's case, CNN just reported that his rate was 1...that's ONE point lower than what was generally available to the general public! For God sake, they're talking about a possible $10,000 savings over the life of the loan!!!!

[mrreowwr_kittty]

3. It's nothing. But it allows the MSM to create the illusion of corruption on both sides

Phil Gramm was pretty much the architect of this mortgage disaster and his own wife profitted handsomely off the deregulations he spearheaded. But this isn't something that's easy to follow, like an illicit BJ in the Oval Office, so the average American will led to believe that Chris Dodd is just as complicit as Gramm in the mortgage mess.